Other Briefings
China Industry Report: Nov. 24
Nov. 24 – This is a regular series of relevant industry news from around China. Solar power Chinese monocrystalline solar cells maker JA Solar Holdings Co Ltd. and BP Alternative Energy Holdings Ltd., a subsidiary of British Petroleum, plan to co-develop and market part of their solar photovoltaic product portfolio in the next five years. […]
Top Chinese Official Says Unemployment Situation Critical
Nov. 21 – A top Chinese official has warned that the country is facing critical unemployment problems brought about by the global credit crisis. China’s social security minister, Yin Weimin, announced measures to control rising unemployment.These include providing information on job vacancies and offering additional training for workers going back home. Government agencies will also […]
China Approves Tax Cuts, Rebates to Support Textile Industry
Nov. 21 – China has approved new tax cuts and rebates for the textile industry as part of government measures to support slowing exports. Export tax rebates on textile products will be increased to 17 percent. The 21st Century Business Herald reported that the proposal to increase tax rebates was approved during the State Council’s […]
China Urges Local Government to Maintain Minimum Wage Level
Nov. 19 – China’s Ministry of Human Resources and Social Security has instructed local governments to maintain the minimum wage levels to aid companies in dealing with the global credit crisis. “In the light of the current economic situation and real conditions in companies, minimum wage increases have been suspended for the near term,” said […]
China Industry Report: Nov. 18
Nov. 18 – This is a first in regular series of relevant industry news from around China. Wind power China Wind Systems Inc. posted a US$1.86 million net income for the third quarter of 2008, compared with US$8.12 million for the same period of 2007. Solar power The Chinese Academy of Sciences’ Institute of […]
Shandong, Hubei Rule No Layoffs Without Approval
Nov. 18 – Companies based in Shandong and Hubei provinces are now required to apply for approval from their local human resources and social security authorities before a layoff of 40 or more workers. The regulation amends on the national labor contract law implemented last January. According to the national labor contract law, companies that […]
Construction Begins on Guangzhou-Nanning High Speed Rail Link
Nov. 11 – Work began on Sunday on a high-speed rail link between Nanning and Guangzhou that will cut travel time between the two south China cities from almost 13 hours to three. The 577.1 kilometer-long route, 61 percent of which will run through Guangxi, will allow trains to run at up to 200 kilometers […]
Zhuhai Airshow Marks Tentative Step For Chinese Aircraft Manufacturers
Nov. 7 – The annual Zhuhai airshow, which opened earlier this week, has marked its presence this year with the first order from foreign companies to buy Chinese manufactured aircraft. GE Capital, the aircraft leasing subsidiary of General Electric, has agreed to buy five Chinese ARJ21 commercial jets, with options on 20 more in a […]
